Earnings release
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WILEY Wiley Reports Second Quarter Fiscal 2022 Results December 7 , 2021 - Hoboken , NJ - Wiley ( NYSE : JW - A and JW - B ) , a global leader in scientific research and career - connected education , today announced results for the second quarter ended October 31 , 2021 . SUMMARY . GAAP Results : Revenue of $ 533 million ( + 9 % ) , Operating Income of $ 74 million ( + 6 % ) , and EPS of $ 0.99 ( -19 % ) Adjusted Results ( at constant currency ) : Revenue of $ 533 million ( + 8 % ) , Adjusted EBITDA of $ 127 million ( + 7 % ) , and Adjusted EPS of $ 1.29 ( + 6 % ) CFO Transition : John Kritzmacher retiring from Company after eight years of service ; Christina Van Tassell joins Wiley as successor MANAGEMENT COMMENTARY " Wiley's strong performance reflects our continued effectiveness in helping the world's leading universities and corporations to increase the impact of new scientific discoveries , improve the return on investment in education , and close critical skill and talent gaps , " said Brian Napack , President and CEO . " Our revenue growth in Research and Talent Development continues to be particularly noteworthy , driven by steady execution of our strategy and favorable market trends . " SECOND QUARTER PERFORMANCE GAAP Measures Unaudited ( Smillions except for EPS ) Revenue Operating Income Diluted EPS Non - GAAP Measures Revenue Adjusted EBITDA Adjusted EPS⭑ Q2 2022 533.0 Q2 2021 491.0 Change + 9 % S 73.9 S 69.9 S 0.99 S 1.22 + 6 % ( 19 % ) Change Q2 2022 Q2 2021 Constant Currency S 533.0 S 491.0 + 8 % S S 127.1 1.29 $ S 120.3 1.25 + 7 % + 6 % Excluding acquisitions and currency impact , revenue rose 5 % for the quarter . Wiley recorded a favorable FX variance of $ 2.8 million in Revenue and unfavorable FX variances of $ 2.1 million in Adjusted EBITDA and $ 0.03 in Adjusted EPS . * Adjusted EPS : Wiley's Adjusted EPS metric excludes the impact of certain non - cash items directly related to acquisitions , most notably the amortization of acquired intangible assets . The Company does not consider these non - cash items to be indicative of its ongoing operating performance . Revenue Research Publishing & Platforms rose 9 % as reported and at constant currency and 4 % excluding acquisitions , driven by strong growth in open access , corporate solutions , and research platforms . Academic & Professional Learning grew 4 % as reported and 3 % at constant currency , driven by strong recovery in Professional Learning from prior - year COVID lockdown impacts . This more than offset a decline in Education Publishing due to softer US enrollment and some easing of prior - year COVID - related tailwinds in content and courseware . Education Services increased 17 % as reported and 15 % at constant currency , driven by 3 % growth in University Services ( formerly OPM ) and strong double - digit growth in Talent Development ( formerly mthree ) .